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November 14, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Belen, Business Loans > My Bank Belen Business Loans > Veterinary Services Loan | ||||
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New Mexico Business Loan from My Bank
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SBA Loan from My Bank Helps Veterinary Services CompanyAn SBA loan from My Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Los Lunas, New Mexico business owner got a $30,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Los Lunas, New Mexico was able to borrow $30,000 from My Bank. The SBA made the loan possible by guaranteeing $15,000 of this New Mexico small business loan. SBA Loan Borrower COMPANY TYPE: VETERINARY SERVICES SBA Loan Lender MY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541940 - Veterinary Services Loan Approval Date 6/7/2006 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like My Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: The Friends and Family Network SBA Banks in Belen, New Mexico
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